Biotech Breakdown: Markets Up, Biotechs Finally Take Part (10/16/15)

Market Analysis

  • S&P target remains 2050 (+/- 10 pts.)
  • DOW target still channel resistance
  • Nasdaq pushed through trendline resistance

Biotech

  • IBB pushed back above upper trendline
  • KITE testing 66, yet again
  • ALNY trade at 85 going well
  • SRNE approaching 9 again
  • PBYI broke through 80
  • ILMN broke above 150
Posted to The Biotech Trader on Oct 16, 2015 — 10:10 AM
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